Posted on 09/07/2016 2:21:26 PM PDT by heterosupremacist
The Beverly House is located just a few blocks from Sunset Boulevard and is set on six acres of land.
The sprawling estate, built in the 1920s, appears in several films including The Bodyguard - The Kennedys, Rihanna and the Prince of Monaco are among the property's famous guests.
Estate includes a 50,000 square foot house, cascading waterfalls and a two-story library...
(Excerpt) Read more at dailymail.co.uk ...
Full title :
Beverly Hills mansion where iconic ‘horse’s head’ scene from The Godfather was filmed goes on sale for a staggering $195million
I could make them an offer they couldn’t accept.
Heh — good one.
Lots of memories...hate to see it go
Yeah, more low cost liberal housing.....
Ha! Too funny...
:^)
If Rihanna is included, I’ll write a check.
Here’s an unrelated story. In Oceanside, we have the Top Gun house. An old run down house 1 block from the beach. Cruise and kelly McGillis frolicked there in the movie. The city approved development of 5 blocks near the pier including the TG house.
That meant the house had to be moved. people came out of the wood work. You would have thought it was the Manger. So a city council member said. Anyone who gives us a dollar can have the house, just move it. No takers. Now it has a big historic sign and mural painted and people stop like to is Ford’s Theatre.
People are crazy. I think the Playboy Mansion just closed for 16 mill or in that neighborhood. I hope they disinfected the Grotto.
Back in the day, my residential builder father spoke of single family developments six units to the acre. Modest amounts of land, per house. About 6,000 sq. ft. lots plus common areas.
So six acres, equals about 36 parcels. Or around $5.5 million, per lot.
I am a licensed California RE broker, and even I doubt that land is worth that much, so the value has to be based on the existing use.
A 55,000 sq. ft. structure equals $3,500 per sq. ft. which is still very high.
A 3rd option is for another use, like a luxury hotel, etc.
I passed it by countless times as I have friends on the same adjacent streets (yeah, they’re miraculously closet rightwingers like me who work in the biz). It’s big and a couple of times the gates were open and we just walked in unless you know the security guard.
I was interested in who initially owned the house and had to go all the way to the end to find out. I think there was some hanky-panky going on between Hearst and Davies from what I have read.
“Alongside financier Ross, previous owners included newspaper magnate William Randolph Hearst, who was given the house as a gift by actress Marion Davies, and banking executive Milton Getz, who commissioned Hoover Dam architect Gordon Kaufmann to build the home.”
Whoever has $195 million to buy an old house is probably buying it for the land and will tear down the house. There is no sense in spending that much for a house, unless you have that money to burn.
I believe such large single properties in the area are very rare and that alone gives a serious markup.
Otherwise someone wanting such a huge house would have to buy up several smaller ones, demo and rebuild. Which would cost far more than this one.
Correct me if I’m wrong
It’s not a house - it’s a hotel.
I’m writing a check for the down payment......after we move in every Freeper past and present will be invited for champagne and caviar.......:)
Who would want anything (from a double-wide all the way to an uber mansion) in the Once Golden State?
(It's also just a nudge over my budget.)
.
Perfect for Syrian refugees..may as well start in Hollywood...
It’s hard for a dam builder to think small, I reckon. :-)
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